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The Honest Home Company Shark Tank India Season 3

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The Honest Home Company Shark Tank India Season 3 Got 1 Crore Funding in Exchange of 3% Equity with 1% Royalty until 1.5 Crores is Recouped by Amit Jain.

The Honest Home Company Shark Tank India Season 3

Pitch no 1 with company details

The Honest Home Company

We are a group of changemakers at The Honest Home Company, driven to discover creative ways to simplify the process of making more environmentally friendly and sustainable decisions for individuals.

As of right now, there is no denying the existence of climate change, and it is imperative that we acknowledge that, should we fail to take immediate action, future generations will be left with a legacy of widespread ecological calamity. There has never been a more crucial moment for us all to understand how our actions as people, organizations, and enterprises are impacting the environment

Founder of The Honest Home Company

With ten years of sales experience and a strong desire to change the world, Mayank Sisodia is the founder of The Honest Home Company. Mayank has remained loyal to the small hamlet of Dhampur, where he was raised. Mayank was raised in the village by his father, a farmer, and he was surrounded by a community of people who have been devoted to the land for many generations. The soil is respected and adored because it is a source of prosperity and life. The Honest Home Company’s earthy hues honor this respect for the planet and this affection for the soil.

The Honest Home Company Funding Round

Company Name

The Honest Home Company

Shark Tank India Season

3

Episode No

1

Season No

1

Brand

The Honest Home Company

Idea

Plastic free Cleaning

Original Ask

1 Crore for 2% equity

Deal

1 Crore for 3% equity + 1% Royalty until 1.5 Crores is Recouped

Invested By:

Amit Jain

At the core of The Honest Home Company's pitch lay a dedication to offering consumers cleaning products that are both effective and environmentally friendly. Their range of plastic-free alternatives included everything from surface cleaners to laundry detergents, all formulated with natural ingredients and packaged sustainably. By prioritizing transparency and sustainability, The Honest Home Company aimed to empower consumers to make conscious choices that benefit both their homes and the planet.

The Pitch:

The Honest Home Company entered the tank with a bold proposition: to provide consumers with effective and sustainable cleaning solutions free from plastic. Their pitch emphasized the importance of reducing environmental impact while maintaining cleanliness and hygiene standards. With a commitment to transparency and eco-friendly practices, The Honest Home Company aimed to captivate the Sharks and secure the investment needed to scale their operations and reach a wider audience. Their original ask of 1 Crore for a 2% equity stake reflected their confidence in the value of their brand and its potential for growth.

The Deal:

Impressed by The Honest Home Company's commitment to sustainability and the potential of their products to make a positive impact, Amit Jain saw an opportunity to support a brand aligned with his values. He offered 1 Crore for a 3% equity stake, along with an additional 1% royalty until 1.5 Crores is recouped. This strategic partnership would not only provide the investment needed for growth but also incentivize continued success and innovation.

Investors Behind The Honest Home Company

Amit Jain: The Honest Home Company eagerly accepted the offer from Amit Jain, marking a significant milestone in their journey to redefine the cleaning industry. With the backing of a strategic investor who shares their commitment to sustainability, The Honest Home Company was well-positioned to expand their product line, reach new markets, and inspire more consumers to adopt eco-friendly cleaning practices.

Conclusion:

The success of The Honest Home Company on Shark Tank India Season 3 underscores the growing demand for sustainable alternatives in the cleaning industry. By prioritizing transparency, eco-consciousness, and effectiveness, The Honest Home Company is paving the way for a cleaner and greener future. With Amit Jain's support and guidance, The Honest Home Company is poised to lead the charge in redefining cleaning routines and promoting environmental stewardship one plastic-free product at a time.

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